The dairy markets have seen wild swings including block cheese reaching a historic high over $2.70 per pound and Class III milk topping $22 per hundredweight. “The trends in terms of expansion of the dairy herd seems to be stalled right now,” said Dan Basse, President, Ag Resource Company. “Dairy farmers are a little confused about seeing $10.50 milk and six weeks later seeing $20 milk.” The government’s food box program has been supportive. “As long as the government is out there buying, I don’t think there is a lot of nearby weakness in the milk market, but I’m concerned about the October and forward time-frame.”
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